All Forum Posts by: Mike Carino

 So I feel like when my wife and I are ready to make our first investment happen that I will have this thought in the back of my head like "what am I doing? I still have debt on 2 vehicles and a mortgage."

How do you overcome this or should we wait until the vehicles are paid for?

By the way we are looking to flip a property when this time comes.

Hold. Depends on the house/deal. The last house I bought downriver for 14.5k and put 6k into it. Water damage so I needed all new floors (joists and all in one room) in most rooms, put support in the crawl, new driveway, new kitchen, plumbing, a couple windows, took a couple trees out, etc. Appraised for 35k. Currently rents @ 600.

Looking for something along these lines. I do all the work myself and have a contractor uncle who helps for little cash so my rehab costs are essentially materials and my time only.

Hi everyone!  

I am from Atlanta, Georgia, but have been living in Asia (currently Tokyo) for the past 7 years.  I and my wife plan to move to the US around the end of this year at which point I'm planning to start a career in real estate investment.  We hope to settle and invest somewhere long term.  I will likely focus on buy-improve-and-hold investments with the goal of building wealth - willing to sacrifice cash flow for equity build-up.  I have a substantial amount of money saved up and am open to various types of properties.  

We are literally looking across the country for the best place to settle.  The states we are most interested in are Georgia, Massachusetts, Texas, Colorado, Utah, Minnesota, California, Oregon, and Washington.  My question to all of you is what REI markets do you foresee having the most stable and robust long-term potential in the coming 5, 10, 20 years? 

I realize this is a broad question.  I have done some of my own research, but I would really like to hear what some currently active investors have to say.  

Its only been a week since I made the decision to study this field 

But i can hardly contain my motivation every waking minute I not at work I am reading/studying or listening to the podcast. Its all I can talk about with my spouse 

My question is should I try to hold back some of this emotion or is it good to be this excited? 

Don't hold back! Go for the gold and believe you can achieve your goals! Turn that excitement into action and a learning experience. That excitement will be your motivation to get the first deal done so let it ride! 

You mention that they won't hire out of state?  I'm not sure I understand this.  What industry are you in and why do you believe they won't hire you just because you don't currently have an in-state address?